The United States of America Federal Trade Commission has voted to approve a fine of 5 billion bucks on Facebook over privacy violations.
The sanction came after a Federal Trade Commission investigation into allegations that the social media platform not suitably shared the data of eighty seven million users with Cambridge Analytica.
Cambridge Analytica, a British political firm, is currently closed. The Wall Street Journal rumored that the vote was 3-2 on party lines, with Republicans in support and Democrats con to the fine.
In most cases the Justice Department’s civil division will review settlements by the Federal Trade Commission however it’s not clear however long this can take but it may well be as early as next week. yet because the fine, the settlement might embody rules on however Facebook treats the privacy of its users. Despite being the biggest fine the Federal Trade Commission has approved on a tech company, it’s unlikely to hassle Facebook’s coffers.